Stock futures posted modest gains Thursday ahead of a report likely to show that U.S. inflation fell in September as gasoline price growth slowed and used-car costs declined.Ford was down 2.2% in premarket trading after the United Auto Workers union called a strike at the auto maker’s Kentucky Truck Plant in Louisville. With nearly 9,000 workers, the Kentucky plant is Ford’s largest in the world. The union said the surprise move marked a “new phase” in its ongoing strike.
Microsoft fell 0.3% after the technology giant said it has received a notice from the Internal Revenue Service that it owes $28.9 billion in back taxes, plus interest and fines, covering the period from 2004 to 2013. Microsoft said in a filing with the Securities and Exchange Commission that it disagrees with the proposed adjustments, and will “vigorously contest” the IRS request through administrative appeals, and if necessary, in court.
Analysts forecast Walgreens Boots Alliance to have earned 69 cents a share in its fiscal fourth quarter, down from 80 cents in the same quarter last year. Analysts expect quarterly sales of $34.8 billion. Walgreens named industry veteran Tim Wentworth as chief executive late Tuesday, and he will be taking over a global pharmacy chain that’s in a tough spot. Walgreens rose 0.4% in premarket trading.
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